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Mexico Trade

Mexico Trade

Merchandise Trade Balance in Mexico

In the decade leading to 2022, Mexico's merchandise trade balance averaged a deficit of USD 5.5 billion. The 2022 reading showed a larger deficit of USD 26.9 billion. For more trade information, visit our dedicated page.

Mexico Trade Chart

Note: This chart displays Trade Balance (USD billion) for Mexico from 2017 to 2016.
Source: Macrobond.

Mexico Trade Data

2019 2020 2021 2022 2023
Merchandise Trade Balance (USD bn) 5.4 34.2 -10.8 -26.9 -5.5

Merchandise exports slide in June

Merchandise exports declined 5.7% in annual terms in June, contrasting May’s 5.4% increase. The reading was driven by lower exports of both oil and non-oil goods, and June’s result marked the sharpest drop since August 2020. Meanwhile, merchandise imports decreased 3.6% in annual terms in June (May: +1.4% yoy). As a result, the merchandise trade balance deteriorated from the previous month, recording a USD 1.0 billion shortfall in June (May 2024: USD 2.0 billion surplus; June 2023: USD 0.1 billion surplus). Lastly, the trend pointed down, with the 12-month trailing merchandise trade balance recording a USD 4.5 billion deficit in June, compared to the USD 3.4 billion deficit in May.

Consensus Forecasts and Projections for the next ten years

How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Mexican trade projections for the next ten years from a panel of 17 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable trade forecast available for Mexican trade.

Download one of our sample reports to visualize what a Consensus Forecast is and see our Mexican trade projections.

Want to get access to the full dataset of Mexican trade forecasts? Send an email to info@focus-economics.com.

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